Top Countries to Export Beef Who Does the Us Export Beef to

Top ten Consign Markets for U.South. Beef (values in million USD)
Land	2015	2016	2017	2018	2019	% Modify 2018-2019	5-Yr Average 2015-2019
Nippon	ane,284	one,510	1,889	two,102	ane,950	-7%	1,747
South korea	811	1,071	one,220	1,746	ane,842	5%	1,338
Mexico	1,093	977	979	1,058	1,107	5%	1,043
Hong Kong	801	684	884	966	744	-23%	816
Canada	900	758	791	746	654	-12%	770
Taiwan	319	363	409	552	567	3%	442
European union	306	247	252	231	193	-16%	246
Philippines	64	55	62	87	88	1%	71
China	0	0	31	61	86	42%	36
Indonesia	12	39	54	62	85	37%	51
All Others	722	656	692	748	774	3%	719
Total Exported	6,311	6,360	7,263	8,360	viii,090	-three%	7,277

Source: U.S. Census Agency Trade Data - BICO HS-x

Highlights

In 2019, the value of U.Southward. beefiness and beefiness production exports to the world shrank by 3 pct from the prior yr tape to $viii.one billion, the second highest level ever. The top three markets, accounting for 61 percent of sales, were Nihon, Southward Korea, and United mexican states, at $two billion, $1.8 billion, and $1.one billion, respectively. Lower twelvemonth-over-year exports were driven by a decline in shipments to Nippon, Hong Kong and Canada. With the Comprehensive and Progressive Understanding for Trans-Pacific Partnership (CPTPP) going into effect in belatedly-2018, the U.s.a. began facing a competitive disadvantage in Japan, its top consign market, and lost marketplace share to Canada, New Zealand, and Mexico. Furthermore, tariff and non-tariff barriers in the Chinese market prevented the United States from capitalizing on increased Chinese need. Despite a year-over-year increase in shipments to China, U.S. marketplace share in China is less than one percent. Overall, exports accounted for 11 percent of U.S. domestic production. The United States was the world'due south largest beef producer, 2nd-largest importer, and 4th-largest exporter by volume in 2019.

Drivers

• For much of 2019, U.South. beef was at a competitive disadvantage in its top export market due to free trade agreements that favored U.S. competitors.

• The U.s. continues to exist the top supplier to South korea due to rise consumer confidence in U.S. beef and competitive pricing.

• The U.South. beefiness industry continues to do good from complimentary trade with Mexico in which each country can import its preferred cuts while exporting less popular ones.

• African swine fever (ASF) outbreaks have caused a persisting protein deficit in China, significantly increasing Chinese demand for all meats – beefiness included.

Global Beef Exports

Looking Ahead

Prior to the COVID-19 outbreaks, beef exports were forecast to rise significantly past book in 2020 as improved market place admission for U.S. beefiness and strong global need spur trade. Australia, ane of the summit U.South. competitors in Asia, will begin rebuilding a herd that is at its lowest level in ii decades. This volition atomic number 82 to lower exportable supplies and likely benefit the Us. Additionally, improved market access due to the Japan and China agreements will support U.Southward. exports to ii important markets. The U.S.-People's republic of china Phase Ane Understanding has the potential to improve access for U.Southward. beef past addressing some non-tariff barriers and lowering existing tariffs. The continuing global protein deficit acquired by ASF will support demand for U.S. beef. With the projected growth in exports, the U.Southward. share of global beefiness exports is forecast to increase slightly. Offset January ane, 2020, a portion of the European Union'due south High-Quality Beefiness (HQB) quota will be reserved for U.South. product. The portion of the HQB quota reserved for U.S. beef will steadily increase over the next 7 years. The United States is projected to be the world's largest beefiness producer, 2d-largest beef importer, and third-largest beef exporter, overtaking Australia merely backside Brazil and India.

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Source: https://www.fas.usda.gov/beef-2019-export-highlights